Hey gang! Just figuring out the payslip maths. Does Bullet include expenses in the PAYE/USC/PRSI tax formula? Im assuming expenses should not be taxed in that way so jus curious.

Hey gang! Just figuring out the payslip maths. Does Bullet include expenses in the PAYE/USC/PRSI tax formula? Im assuming expenses should not be taxed in that way so jus curious.

1 answer

Peter Connor Staff February 20, 2016
Public

All included. No need to worry.

#answer-2856
  1. Included? Paying an employee expenses should be free from income tax, right?
  2. Sorry maybe an example would help. Say I pay employee A a gross salary of 5000euro. That 5000euro is subject to income tax. If I also paid the employee expenses of 1000euro for that month would the expenses be added to the Gross income and that total be subject to income tax? Say total gross income that will be taxed is 6000euro?
  3. Peter Connor February 20, 2016
    Yep. All the correct rules about expenses are built into the workflows.

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